Filing To Observe: Manulife Financial Corp Just Disclosed New Group 1 Automotive Inc Position

Filing To Observe: Manulife Financial Corp Just Disclosed New Group 1 Automotive Inc Position

The New Manulife Financial Corp Holding in Group 1 Automotive Inc

Manulife Financial Corp filed with the SEC SC 13G form for Group 1 Automotive Inc. The form can be accessed here: 000114544316002297. As reported in Manulife Financial Corp’s form, the filler as of late owns 10.16% or 2,171,901 shares of the Consumer Discretionary–company.

Group 1 Automotive Inc stake is a new one for the and it was filed because of activity on October 31, 2016. We feel this shows Manulife Financial Corp’s positive view for the stock.

Group 1 Automotive Inc Institutional Sentiment

Latest Security and Exchange filings show 204 investors own Group 1 Automotive Inc. The institutional ownership in Q3 2015 is very high, at 141.07% of the outstanding shares. This is increased by 7360428 the total institutional shares. 30146945 were the shares owned by these institutional investors. In total 46 funds opened new Group 1 Automotive Inc stakes, 76 increased stakes. There were 22 that closed positions and 60 reduced them.

2 managers had the stock in their top Ten. Notable investors are: .

Keith Meister Corvex Management Lp is an institutional investor bullish on Group 1 Automotive Inc, owning 236638 shares as of Q3 2015 for 0.24% of its portfolio. Hodges Capital Management Inc owns 366820 shares or 1.28% of its portfolio. TX Smith Graham & Co Investment Advisors Lp have 1.31% of their stock portfolio for 105548 shares. Further, Eminence Capital Lp reported stake worth 2.11% of its US stock portfolio. The TN Moon Capital Management Llc owns 36140 shares. Group 1 Automotive Inc is less than 0.01% of the manager’s US portfolio.

Business Profile

Group 1 Automotive, Inc. is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts. It operates through three segments: the U.S., which includes the activities of its corporate office, the U.K. and Brazil. The Company owns and operates approximately 200 franchises, representing over 32 brands of automobiles, at over 152 dealership locations and over 35 collision centers around the world. It sells replacement parts, and provides maintenance and repair services at each of its franchised dealerships and provides collision restoration services. The Company performs both warranty and non-warranty service works at its dealerships, for the vehicle brand(s) sold at a particular location. It offers a range of third-party finance, vehicle service and insurance products.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Insitutional Activity: The institutional sentiment increased to 1.01 in Q2 2016. Its up 0.04, from 0.97 in 2016Q1. The ratio is positive, as 26 funds sold all Group 1 Automotive, Inc. shares owned while 57 reduced positions. 33 funds bought stakes while 51 increased positions. They now own 20.27 million shares or 1.91% less from 20.66 million shares in 2016Q1.

Assetmark last reported 0% of its portfolio in the stock. Deere And Co last reported 28,873 shares in the company. Alliancebernstein L P last reported 37,694 shares in the company. Towle And owns 265,491 shares or 2.42% of their US portfolio. American International Grp Inc Inc holds 0% or 15,501 shares in its portfolio. D E Shaw And Incorporated, a New York-based fund reported 27,200 shares. Bridgeway Mgmt Incorporated has 0.02% invested in the company for 27,000 shares. Lakewood Capital Mgmt Ltd Partnership has invested 1.06% of its portfolio in Group 1 Automotive, Inc. (NYSE:GPI). Kcg Holding has 9,913 shares for 0.01% of their US portfolio. Highbridge Cap Management, a New York-based fund reported 45,390 shares. Deutsche Bank Ag, a Germany-based fund reported 142,669 shares. Envestnet Asset Inc owns 19,836 shares or 0% of their US portfolio. Clarivest Asset Mngmt Limited Liability Company owns 56,075 shares or 0.08% of their US portfolio. Invesco Limited has 45,230 shares for 0% of their US portfolio. Lsv Asset last reported 517,400 shares in the company.

Insider Transactions: Since August 18, 2016, the stock had 0 insider buys, and 3 sales for $1.18 million net activity. 2,000 Group 1 Automotive, Inc. (NYSE:GPI) shares with value of $117,800 were sold by Burman Darryl M. 10,000 shares were sold by HESTERBERG EARL J, worth $599,700 on Thursday, August 18. DeLongchamps Peter C had sold 7,500 shares worth $459,150.

About 349,005 shares traded hands or 0.34% up from the average. Group 1 Automotive, Inc. (NYSE:GPI) has risen 13.19% since April 8, 2016 and is uptrending. It has outperformed by 7.55% the S&P500.

Group 1 Automotive, Inc. is an operator in the automotive retail industry. The company has a market cap of $1.41 billion. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts. It has a 16.1 P/E ratio. It operates through three divisions: the U.S., which includes the activities of its corporate office, the U.K. and Brazil.

Group 1 Automotive, Inc. (NYSE:GPI) Ratings Coverage

Out of 7 analysts covering Group 1 Automotive (NYSE:GPI), 2 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 29% are positive. $108 is the highest target while $62 is the lowest. The $91.33 average target is 45.94% above today’s ($62.58) stock price. Group 1 Automotive has been the topic of 8 analyst reports since September 17, 2015 according to StockzIntelligence Inc. The stock has “Underweight” rating given by Morgan Stanley on Wednesday, April 13. The stock of Group 1 Automotive, Inc. (NYSE:GPI) earned “Neutral” rating by Seaport Global on Tuesday, August 9. On Friday, February 12 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Weight”. Stephens maintained the shares of GPI in a report on Wednesday, October 28 with “Equal-Weight” rating. The firm has “Buy” rating given on Wednesday, July 20 by Buckingham Research. The firm has “Buy” rating given on Thursday, September 17 by Sidoti. Evercore upgraded Group 1 Automotive, Inc. (NYSE:GPI) on Wednesday, March 9 to “Hold” rating.

More notable recent Group 1 Automotive, Inc. (NYSE:GPI) news were published by: Prnewswire.com which released: “Group 1 Automotive Appoints New Director and Expands Board” on November 10, 2016, also Fool.com with their article: “Is This as Bad as It Gets for Group 1 Automotive Inc.?” published on February 12, 2016, Prnewswire.com published: “Group 1 Automotive Acquires Large U.K. Dealer Group” on February 04, 2016. More interesting news about Group 1 Automotive, Inc. (NYSE:GPI) were released by: Investorplace.com and their article: “Trade of the Day: Group 1 Automotive, Inc. (GPI) Is Gathering Momentum” published on September 07, 2016 as well as Seekingalpha.com‘s news article titled: “Group 1 Automotive Should Be Focusing On Digitization” with publication date: September 27, 2016.

According to Zacks Investment Research, “Group 1 Automotive, Inc. is a leading operator and consolidator in the highly fragmented automotive retailing industry. Through a series of acquisitions, the company owns dealership franchises. Through the dealerships, the company sells new and used cars and light trucks, provide maintenance and repair services, sell replacement parts and arrange vehicle financing, insurance and service contracts.”

GPI Company Profile

Group 1 Automotive, Inc., incorporated on December 20, 1995, is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts. The Firm operates through three divisions: the U.S., which includes the activities of its corporate office, the U.K. and Brazil. The Firm owns and operates approximately 200 franchises, representing over 32 brands of automobiles, at over 152 dealership locations and over 35 collision centers around the world. The Firm owns approximately 150 franchises at over 116 dealership locations and over 28 collision service centers in the United States of America, approximately 25 franchises at over 17 dealership locations and over six collision centers in the United Kingdom, and approximately 20 franchises at over 19 dealership locations and over one collision center in Brazil. The Company’s activities are primarily located in major metropolitan areas in Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, Oklahoma, South Carolina and Texas in the United States, in approximately 15 towns in the United Kingdom and in key metropolitan markets in the states of Sao Paulo, Parana and Mato Grosso do Sul in Brazil.

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